Kinder Morgan Inc (NYSE:KMI) Stake Lowered by Seeyond

Seeyond reduced its stake in shares of Kinder Morgan Inc (NYSE:KMI) by 26.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 44,552 shares of the pipeline company’s stock after selling 16,436 shares during the period. Seeyond’s holdings in Kinder Morgan were worth $930,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Centaurus Financial Inc. grew its holdings in shares of Kinder Morgan by 866.1% during the 1st quarter. Centaurus Financial Inc. now owns 1,082 shares of the pipeline company’s stock valued at $54,000 after acquiring an additional 970 shares in the last quarter. Citizens Financial Group Inc RI grew its holdings in shares of Kinder Morgan by 119.2% during the 1st quarter. Citizens Financial Group Inc RI now owns 1,256 shares of the pipeline company’s stock valued at $25,000 after acquiring an additional 683 shares in the last quarter. Hanson McClain Inc. grew its holdings in shares of Kinder Morgan by 606.6% during the 1st quarter. Hanson McClain Inc. now owns 1,505 shares of the pipeline company’s stock valued at $30,000 after acquiring an additional 1,292 shares in the last quarter. SRS Capital Advisors Inc. purchased a new position in shares of Kinder Morgan during the 2nd quarter valued at $32,000. Finally, AlphaMark Advisors LLC grew its holdings in shares of Kinder Morgan by 106.7% during the 1st quarter. AlphaMark Advisors LLC now owns 1,550 shares of the pipeline company’s stock valued at $31,000 after acquiring an additional 800 shares in the last quarter. Institutional investors and hedge funds own 61.76% of the company’s stock.

NYSE:KMI traded down $0.03 during trading hours on Friday, reaching $20.39. The company’s stock had a trading volume of 250,876 shares, compared to its average volume of 11,363,721. The company has a market cap of $46.25 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 4.24 and a beta of 0.82. Kinder Morgan Inc has a one year low of $14.62 and a one year high of $21.50. The business’s 50-day moving average is $20.29 and its 200-day moving average is $20.23. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.41 and a quick ratio of 0.33.

Kinder Morgan (NYSE:KMI) last issued its quarterly earnings data on Wednesday, July 17th. The pipeline company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.01). The business had revenue of $3.21 billion during the quarter, compared to the consensus estimate of $3.59 billion. Kinder Morgan had a return on equity of 6.23% and a net margin of 16.50%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.20 earnings per share. On average, sell-side analysts predict that Kinder Morgan Inc will post 0.95 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Wednesday, July 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend was Tuesday, July 30th. Kinder Morgan’s dividend payout ratio is presently 112.36%.

In other Kinder Morgan news, VP Dax Sanders sold 71,944 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $20.05, for a total transaction of $1,442,477.20. Following the completion of the sale, the vice president now directly owns 204,605 shares in the company, valued at $4,102,330.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah Macdonald purchased 5,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were purchased at an average price of $19.91 per share, with a total value of $99,550.00. Following the completion of the acquisition, the director now directly owns 30,328 shares of the company’s stock, valued at $603,830.48. The disclosure for this purchase can be found here. Insiders purchased 705,000 shares of company stock valued at $14,007,550 over the last quarter. 13.95% of the stock is currently owned by corporate insiders.

Several equities analysts have recently commented on KMI shares. Argus cut shares of Kinder Morgan from a “buy” rating to a “hold” rating in a report on Tuesday. BMO Capital Markets cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $22.00 price target on the stock. in a report on Monday, July 29th. Scotia Howard Weill started coverage on shares of Kinder Morgan in a report on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price target on the stock. Scotiabank began coverage on shares of Kinder Morgan in a report on Tuesday, September 3rd. They set a “sector perform” rating and a $23.00 price target on the stock. Finally, Raymond James cut shares of Kinder Morgan from an “outperform” rating to a “market perform” rating and set a $20.72 price objective for the company. in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.91.

Kinder Morgan Company Profile

Kinder Morgan, Inc operates as an energy infrastructure company in North America. The company operates through Natural Gas Pipelines, Products Pipelines, Terminals, and CO2 segments. The Natural Gas Pipelines segment owns and operates interstate and intrastate natural gas pipeline and storage systems; natural gas and crude oil gathering systems, and natural gas processing and treating facilities; natural gas liquids (NGL) fractionation facilities and transportation systems; and liquefied natural gas facilities.

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Institutional Ownership by Quarter for Kinder Morgan (NYSE:KMI)

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